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Argentina's Central Bank has slowed its dollar purchases to a near standstill in June, buying only US$39 million as of Thursday versus over US$2 billion monthly through May. It has begun selling dollars in currency markets to defend peso controls.
Weak reserve accumulation delays lifting of FX controls, keeping the peso and capital flows constrained; this is a macro currency story with little direct effect on feed grain or meal prices.
batimes.com.arJames GraingerJun 25, 2024batimes.com.arJames GraingerJun 27, 2024After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
